Gj
GBPJPY POTENTIAL FORECAST|TUESDAY|27/12/2022GBPJPY is currently in a nice bullish market structure. I personally am expecting this bullish structure to break as GBPJPY is very bearish fundamentally due to the sudden change in monetary policy in the yen and the weakening economic standpoint of the pound. GJ on the higher timeframe is in a minor retest to head down lower. We are currently seeing some form of exhaustion in bullish momentum and a roll over to retest the lows again is very likely. Will be looking out for a few confluences as marked in my charts for short. Take profits has been given and marked above.
GBPJPY 27/12/2022Price after a huge bearish run, formed a small structure with a resistance at 160.984 & support at 160.121. so if price closes above the resistance then it might continue pushing up correcting some of the bearish run to retest 162.267 or all the way to 163.020.
And if price respects the resistance & closes below the recent support, then it might continue pushing down towards 159.442 or even below continuing the huge bearish run.
Waiting...You can see price hovering around underneath the 160.000 level, stuck in a range, I don't want to trade here.. Look how clean the move was to the left on the last bullish impulse,
So for me if price breaks above the 160.00 with confirmation we've got a much cleaner looking opportunity (80/90 pip move) back up to 160.851, than selling from there back into the choppy range (40 Pip move) (We also have the D failing to close below 160.00 confirmation and LTF.
Whats your thought?
Waiting.. GJ looking for sells while price is under 161.000, if we get a solid break/retest i'll look for buys, but first I want to see another push up here and the candle to fail closing above the current DH, giving us a nice sell opportunity with a small SL, then aim for the $ as first target then the support and DL
Let me know your thoughts!
GBPJPY Potential Forecast | 19th December 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts for this week.
Trade idea:
1. Price is currently on a downtrend on the lower timeframe.
2. We could see clear bearish orderflow in recent price action.
3. Price could potentially head up to clear the imbalance present marked by the green zone.
4. Will be look for confirmations on M1 to M5 timeframes to enter on shorts at the green zone.
Things to look out for:
- However, I do notice that price has validated and respected the demand zone at the bottom. This serves as a risk to us as validation of the demand zone could mean for price to continue heading up and without strength to continue down.
Hence, we will await proper confirmations like a break of structure before entering shorts at our green zone.
All in all, I will be awaiting short confirmations on GBPJPY.
Regards,
Chern Yu
What happened to YEN ? Bank of Japan Governor Haruhiko Kuroda by doubling a cap on 10-year yields, sparking a jump in the yen and a slide in government bonds in a move that helps pave the way for possible policy normalization under a new governor.
The BOJ will now allow Japan’s 10-year bond yields to rise to around 0.5%, up from the previous limit of 0.25%, while keeping both short- and long-term interest rates unchanged, according to a policy statement Tuesday.
GBPJPY- Good R/R setup -long from SupportGJ is currently down. BOE raised its interest rates on Thursday by 50 BPS. GBP will get strength in coming week against its low interest rate currency counterpart (JPY). Expecting buying spree from mapped Support area or even from these levels. It will be good RR setup.
Share your thoughts
Regards,
GBPJPY LongHi Traders
I have this idea that price will do pull back to 167.6 bouncing up from the bottom channel.
Target price: 167.6
Thank you and trade safe.
Do follow and hit the boost if you like this idea. Cheers!
GBPJPY SELLAfter GJ filled the first ASIA range we see a pull back to our new OB. From there we could see a sell to the next Asia Range.
What do you guys think about it? Can we move lower?
Please like and comment what you think!
GBPJPY LONGHi Traders,
Sideways trending. A push up through 169 will be a nice interesting break.
Target Price: 169.00
Entry: 166.3
Thank you. Trade Safe
GBPJPY shorts1h OB filled, im in a shot right now. Market looks good for a huge sell off.
Also we have 3 Asia ranges that have to get filled to the down side.
The sell looks very clear and good.
what do you guys think?
Waiting for buys GJ if we can break through 167.638 area i'll be looking for buys back to the 1H high following orderflow, if price fails and falls back to the 1H low demand i'll be also looking for buy there, not interested in sells today on GJ, maybe some LTF scalps if we get a retracement but thats it
let me know your thoughts!
GBPJPY SHORTAs we can see price has it's last level to be done with the trend, and also a bullish wedge pattern that signifies continuation of trend, these two alone, is okay to confirm the bearish movement, so the next option now is to go to the lower timeframe and look for sell confirmations.
NOT A FINANCIAL ADVICE.
GBPJPYThere is a big opportunity on GJ, we have a 15-minute downtrend after the pullback, and we will enter
GBPJPYWE are in a down trend orderflow we looking the market mitigate the supply to look for possible short good ratio to reward if it goes in our favour risk managment and patience is key
Outlook on GBPJPYPrice created a rising wedge pattern and broke out of it. Looking to go short after retest of that minor zone.
Selling GBPJPYI would be looking for entries to sell GJ to 161.413 as part of my analysis on the retracement.
GBPJPY for a lower low 🦐After our previous idea, GJ broke and reached the lower support with some movement to the upside.
The market is now trading above a support and according to Plancton's strategy if the market will satisfy the condition we can set a nice short order for a lower low.
Being the last trading day of the week it might be risky to open positions.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
